Texas Insurance Code - INS § 444.002. Disposition of Premiums

(1) all unearned premiums to be returned to the insured or the replacement coverage to be obtained for the insured;  and

(2) the earned premiums to be paid to the receiver.

(1) promptly return to an insured who paid the premiums any unearned premiums in the possession of the agent on the cancellation date of the policy;  or

(2) with the approval of the insured, use the unearned premiums to purchase new coverage for the insured with a different insurer.